Are we there yet?
I am referring to the capitulation stage of the market bottom. The down turn has been scary to say the least, but the selling has been so orderly and rational, with average volume, I wonder if we've hit the panic selling phase yet?
I think there's a better than 50% chance we're headed lower from here.
posted by Junk Bonds @ 10/09/2008 08:30:00 AM
3 Comments:
I think we're due for a rally.
I've read somewhere that market crashes come off lows not highs; today is going to be a wild ride! Do options expire today?
I think expiry is next Fri, but the markets don't need any more reasons to be volatile.
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